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Updated almost 3 years ago,

User Stats

14
Posts
1
Votes
Peter Pierzchala
  • New to Real Estate
  • Simsbury, CT
1
Votes |
14
Posts

Calculating Short Sale offers

Peter Pierzchala
  • New to Real Estate
  • Simsbury, CT
Posted

I found a property on the MLS listed as a Short Sale with BRRR potential. When i look up last sale price, the only record is back in 1974. Is it safe to assume they did a cash out refi or something else at some point? What is the best way to figure out how much may actually be owed? The listing price is a little high for what it could cash flow, do you just offer at a price where numbers make sense?

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